Renault says chip crunch will lower production more than forecast - NewsBreak

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By Faria in Business
Updated 3 years ago

LONDON, Oct 22 (Reuters) - French carmaker Renault (RENA.PA) said on Friday its production losses in 2021 because of a global semiconductor chip shortage would be far larger than previously forecast, but maintained its profit outlook thanks to high car pricing and cost cuts. The shortage of chips, used in...